A manager's utility function for profit is U(π ) = 50π , where π is the dollar amount of profit. The manager is considering a risky decision with the four possible profit outcomes shown below. The manager makes the following subjective assessments about the probability of each profit outcome:

-The expected profit is $_______________________.

Question

A manager's utility function for profit is U(π ) = 50π , where π is the dollar amount of profit. The manager is considering a risky decision with the four possible profit outcomes shown below. The manager makes the following subjective assessments about the probability of each profit outcome:
 
-The expected profit is $_______________________.

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The Answer of A manager's utility function for profit is U(π ) = 50π , where π is the dollar amount of profit. The manager is considering a risky decision with the four possible profit outcomes shown below. The manager makes the following subjective assessments about the probability of each profit outcome:
 
-The expected profit is $_______________________.

A Manager's Utility Function for Profit Is U(π ) =